365,107 Johnson Controls International plc $JCI Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 20.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,403,197 shares of the company’s stock after selling 365,107 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Johnson Controls International were worth $208,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its stake in Johnson Controls International by 2.2% in the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after acquiring an additional 621,319 shares during the period. Amundi raised its position in shares of Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after purchasing an additional 3,646,047 shares during the period. First Trust Advisors LP lifted its holdings in shares of Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after purchasing an additional 1,270,849 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Johnson Controls International by 0.9% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after purchasing an additional 20,780 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Johnson Controls International by 702.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after purchasing an additional 1,718,179 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Argus set a $175.00 price objective on Johnson Controls International in a research note on Friday, August 7th. Citigroup increased their target price on Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Royal Bank Of Canada raised their target price on Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.05.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $147.62 on Wednesday. The firm’s 50 day moving average is $147.16 and its two-hundred day moving average is $143.99. Johnson Controls International plc has a 52 week low of $107.83 and a 52 week high of $160.41. The firm has a market capitalization of $89.42 billion, a P/E ratio of 25.67, a PEG ratio of 1.10 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. Analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.